https://www.taxtmi.com/caselaws?id=258099 The court granted sanction to the Scheme of Amalgamation under sections 391 to 394 of the Companies Act, 1956. The concerns raised by the Regional Director regarding the valuation of shares and share exchange ratio were addressed by the Petitioner Companies. The Transferee Company provided an affidavit undertaking to comply with RBI Guidelines. Approval from shareholders and creditors, along with reports from the Regional Director and Official Liquidator, supported the grant of sanction. The judgment directed the transfer of property, rights, and powers from the Transferor Company to the Transferee Company, leading to the dissolution of the Transferor Company. Compliance with statutory requirements was mandated. en-us Fri, 01 Aug 2014 00:00:00 +0530 Tue, 02 Sep 2014 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258099 The court granted sanction to the Scheme of Amalgamation under sections 391 to 394 of the Companies Act, 1956. The concerns raised by the Regional Director regarding the valuation of shares and share exchange ratio were addressed by the Petitioner Companies. The Transferee Company provided an affidavit undertaking to comply with RBI Guidelines. Approval from shareholders and creditors, along with reports from the Regional Director and Official Liquidator, supported the grant of sanction. The judgment directed the transfer of property, rights, and powers from the Transferor Company to the Transferee Company, leading to the dissolution of the Transferor Company. Compliance with statutory requirements was mandated. Case-Laws Companies Law Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258099